Agilon Health, Inc. (NYSE:AGL) Receives Average Rating of "Hold" from Analysts

Key Points

• The average rating for Agilon Health, Inc. (NYSE:AGL) is currently a "Hold" with 18 research analysts covering the stock, including two sell ratings, twelve holds, and four buy ratings.
• Agilon Health recently reported earnings with a loss of ($0.25) EPS for the quarter, which significantly missed analysts' estimates of ($0.11), and experienced a 5.9% decrease in revenue compared to the same quarter last year.
• The company's stock has seen a volatile year, with a 12-month low of $0.71 and a high of $6.08, while currently trading around $1.28.

Agilon Health, Inc. (NYSE:AGL - Get Free Report) has been assigned an average recommendation of "Hold" from the eighteen analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $3.0714.

AGL has been the topic of several recent analyst reports. Benchmark cut their price objective on Agilon Health from $4.00 to $1.50 and set a "buy" rating on the stock in a report on Wednesday, August 6th. The Goldman Sachs Group lifted their target price on Agilon Health from $2.50 to $5.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Barclays lowered their target price on Agilon Health from $3.00 to $1.50 and set an "underweight" rating on the stock in a research note on Wednesday, August 6th. Wells Fargo & Company lowered their target price on Agilon Health from $6.00 to $5.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $1.40 target price (down previously from $4.00) on shares of Agilon Health in a research note on Wednesday, August 20th.

Agilon Health Stock Up 3.8%

Agilon Health stock traded up $0.05 during midday trading on Monday, hitting $1.25. The company's stock had a trading volume of 3,301,241 shares, compared to its average volume of 7,131,675. The stock's 50-day moving average price is $1.72 and its 200-day moving average price is $2.87. The company has a market capitalization of $515.96 million, a PE ratio of -1.62 and a beta of 0.11. Agilon Health has a 12 month low of $0.71 and a 12 month high of $6.08.

Agilon Health (NYSE:AGL - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.47 billion. Agilon Health had a negative return on equity of 66.76% and a negative net margin of 5.35%.Agilon Health's quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. As a group, equities analysts anticipate that Agilon Health will post -0.59 EPS for the current year.

Hedge Funds Weigh In On Agilon Health

Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its stake in Agilon Health by 244.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,553 shares of the company's stock valued at $41,000 after acquiring an additional 6,783 shares in the last quarter. Gabelli Funds LLC bought a new stake in shares of Agilon Health in the 1st quarter valued at approximately $48,000. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Agilon Health in the 2nd quarter valued at approximately $31,000. Ridgecrest Wealth Partners LLC bought a new stake in shares of Agilon Health in the 1st quarter valued at approximately $65,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Agilon Health in the 1st quarter valued at approximately $66,000.

Agilon Health Company Profile

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.